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Coslada, Madrid 28821 5 Unit Apartment Building $553,840 ($110,768/Unit)
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INVESTMENT HIGHLIGHTS
- Located with the facade facing the street, ensuring good connectivity and access to the building.
- Proximity to the M-21 and E-5 highways, with good access to public transportation.
EXECUTIVE SUMMARY
Residential building for sale located in Coslada, ideal for investors. The property sits on a plot of 87 m², with a built area of 250 m² according to the land registry. It currently consists of five independent units: two one-bedroom apartments, two two-bedroom apartments, and one three-bedroom apartment on the first floor, which could be reconfigured into two units (one two-bedroom and one one-bedroom), thereby reaching a total of six fully independent units.
The apartments feature various layouts, with some ready to rent and others requiring renovation. The building includes access through an iron door, a renovated entrance hall, individual electric meters, independent heating, laminate flooring, and Climalit windows in some units. Its north-south orientation and central location with access to services such as banks, restaurants, schools, hospitals, supermarkets, and public transportation (lines 181 and 182) make it an excellent investment opportunity.
The estimated monthly rental income from the currently leased apartments is approximately €4,000. As the property is owned by a single proprietor, there are no community fees. Property tax (IBI) is pending confirmation.
The apartments feature various layouts, with some ready to rent and others requiring renovation. The building includes access through an iron door, a renovated entrance hall, individual electric meters, independent heating, laminate flooring, and Climalit windows in some units. Its north-south orientation and central location with access to services such as banks, restaurants, schools, hospitals, supermarkets, and public transportation (lines 181 and 182) make it an excellent investment opportunity.
The estimated monthly rental income from the currently leased apartments is approximately €4,000. As the property is owned by a single proprietor, there are no community fees. Property tax (IBI) is pending confirmation.
PROPERTY FACTS
| Price | $553,840 | Property Subtype | Apartment |
| Price Per Unit | $110,768 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Gross Rent Multiplier | 10.42 | Building Size | < 15,000 SF |
| No. Units | 5 | Year Built | 1970 - 1979 |
| Property Type | Multifamily |
| Price | $553,840 |
| Price Per Unit | $110,768 |
| Sale Type | Investment |
| Gross Rent Multiplier | 10.42 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | < 15,000 SF |
| Year Built | 1970 - 1979 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
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